Online retail is thriving, and it’s poised to take off even more rapidly, with Amazon, eBay, and other e-commerce platforms making it easier than ever to sell to consumers. Today’s consumers are busy and have less time than ever before to find what they need. This also opens new opportunities for affiliate marketers who with their deep understanding of the needs of their audience can help people find exactly what they’re looking for.
Affiliate marketing is growing at a faster than ever before. Just last year, eMarketer predicted that affiliate marketing will bring in $6.85 billion in revenue, and that is only expected to grow. By 2021, it predicted that it will bring in $7.535 billion in revenue. Affiliate marketing remains a steady source of income for millions of merchants who realize they don’t need to know everything about the products that they sell. They only need to find people who know what they’re talking about and offer them the opportunity.
Many affiliate marketers choose their niche, and then their sub-niches, based on their interests or on what they’re good at. There are plenty of ways to get started in this line of work. One of the advantages of affiliate marketing is that you can do it all from the comfort of your home, while wearing your pajamas, if you like. Or you can, of course, always do it from different locations, but why not enjoy your coffee from your favorite mug, right from the comfort of your home?
However, despite how intriguing it might sound, being an affiliate marketer is a demanding career that warrants commitment, perseverance, and most importantly – ability to take actions. The truth is that you will need to perform plenty of tasks and you will need to do them right. Otherwise, you risk losing a stable monthly income and being in the middle of many unsuccessful online businesses.
Furthermore, while there are some good affiliate programs out there that will reward you for the actions you take, there are some affiliate programs, which are scams. The worst part about it is that, you won’t know you’re being ripped off until it is too late. So you need to know the red flags of affiliate marketing scams and keep them in mind to ensure that you’re not a victim of some affiliate marketing scheme.
Let’s take a look at the top 18 reasons why affiliate marketing is the best & easiest way to make extra money online…shall we?
1. Free to Low Startup Cost:
Affiliate marketing is free to start, and let’s face it, the overhead cost for an affiliate marketer is quite low compared to owning a brick-and-mortar business. You start by signing up for an affiliate network of your choice, and if you’re new to affiliate marketing, you start by selecting an affiliate program that best suits your needs.
2. It’s the Easiest Way to Get Started:
Affiliate marketing is extremely easy to get started. You don’t have to worry about creating an online store. You don’t have to worry about marketing your affiliate products; your affiliate marketing company will take care of that for you. The only thing you need to do is figure out how to promote your affiliate products and attract sales, and you can do that through multiple platforms and different strategies.
3. You Don’t Have to Stock Any Inventory:
Affiliates invest their time and effort in promoting and marketing affiliate products, and affiliates are paid when their visitors or customers complete their conversions. There’s no inventory purchase, and there’s no extra overhead. Those dollars can be kept in your pocket.
4. You Can Start with Zero Experience:
Believe it or not, you can start an affiliate marketing career with absolutely zero experience. Just a little bit of research on the affiliate marketing product you have decided to promote will serve you well. You can also find affiliate marketing training that will help you to gain the knowledge and the skills you need to get started.
5. Affiliate Marketing Is an Opportunity to Work Part Time:
In today’s demanding society your hard earned money is never adequate enough to make you happy. It is very rare to see someone who is satisfied with what he has. Most people will try to find something to get started with, something that will add some extra money to their pockets. Affiliate marketing is just waiting for those people. If you want, you can work part time, or you can work whatever schedule works for you. And because you never need any additional equipment, you can execute your marketing strategy online, and off. You can be a stay-at-home mom, work full time and still be able to have enough time for your kids and family.
Affiliate marketing gives you the opportunity to make extra income while staying at home while still empowering you with the freedom to make your own decisions. Great!
6. You Can Start with No Website:
When you start out as an affiliate marketer, you will often read that you need website and will have to establish yourself as an authority if you wish to make any money. That’s partly true but it doesn’t mean that you need to invest even a penny on websites, hosting, domain, seo and what not. On the contrary, there are plenty of ways to promote affiliate products without owning a website. You can take advantage of Youtube, Facebook, Pinterest and Instagram to market your affiliate products using the same strategies that many successful affiliate marketers have mastered.
7. No Shipping of Products:
As an affiliate marketer, you don’t have to worry about shipping products to your customers. Your affiliate program will take care of that. All you must focus on is delivering value that enriches your audiences experience and compels to visit your site more often so you can ultimately make more money.
8. You Needn’t Trouble Yourself with Customer Service:
Let’s face it. Customers are usually not always nice people. They can be difficult, demanding, and impatient. Selling products yourself, most of the time, means you are the one who will have to deal with real life customers. As an affiliate marketer, you won’t have to worry about any of this because your affiliate program will do everything to solve any customer support issues.
9. You Don’t Need Physical Shop:
Your neighborhood shop owner might like to keep his business close to home. If you are just starting out, you might feel the same. Well, affiliate marketing is the best way to have an online business without the need of a physical shop. You don’t have to worry about individually assisting your customers or dealing with their complaints because everything is done by the affiliate company you are working with. Further, they will handle almost everything for you including products delivery, payment processing, refunds and more.
10. You Don’t Need Employees:
Starting a business can be a complicated, and a costly affair. First, you need a legal entity, then you must find a way to create an image of your business, and establish yourself as being an eminent authority in your field. You need to find ways to ensure that your customers are coming to see you and not your competitor. Hosting, domain, SEO, customer service is a must. Finally, you need to find ways to keep your cost down. As you can see, you can easily find yourself in a situation where it will be hard for you to manage all this alone. This is why it is good to find a single partner to do business with. Affiliate marketing money models are set up to help you avoid this messy situation.
11. Expand Your Business Internationally:
As an affiliate marketer, you have the opportunity to expand your business internationally. You don’t need to worry about expanding your business on your own. Products on the Internet today are available to you from almost anywhere. If you want to sell products internationally, you can do so from the comfort of your home. And thanks to your affiliate marketing opportunity, all you have to do is to get a global affiliate program that will enable you to sell those products to countries around the world.
12. Profit Margins Are High:
Many successful online businesses rely on affiliate marketing to boost their sales. That is because, by employing affiliate models, you don’t need to pay your affiliates. This means there is a smaller overhead cost to you, and you can focus on selling your product. Affiliate commission can come as high as 50%, which means you can charge more and still make a good profit. Further you get opportunity to discuss your commission rate with your affiliate company.
13. Recurring Commissions from Some Programs:
Affiliate marketing is a great opportunity to make recurring commissions from time to time. Some affiliate programs that are time invariant have you doing that. You can go ahead and create five to ten different affiliate stores on your website and promote them all. The unique thing about these affiliate stores is that they usually pay recurring commissions monthly, seasonally, or yearly.
14. Affiliate Marketing Is Not Dependent on New Products Launches:
Most businesses are dependent on new product launches. With affiliate marketing, you are free to promote these products or not. If you like the product, you can promote it and get paid for it. If not, you can skip it. If you create a blog and blog about affiliate marketing, then the affiliate program that will offer you thousands of affiliate products to review and promote.
15. You Can Start Today:
With most businesses, it takes quite a lot of time up front before you are actually ready to start selling your products or services. Affiliate marketing is different because you start immediately. You don’t need to spend months researching products, creating and editing product descriptions, graphic design for marketing materials, writing sales copy, and so on. You can start right away by signing up for an affiliate program, introducing yourself, setting up your website, designing an ad, and writing some content that will ultimately drive traffic and sales to the site.
16. Easily Track Your Progress:
It can be hard digging up all the data you need to track your business. Affiliate marketing would make tracking your progress very easy. You are able to track your sales, your traffic, and your conversions. This gives you a clear idea of how well you are doing and allows you to take actionable steps to improve your sales. There is a large variety of tools and free resources that you can use to analyze your affiliate marketing performance.
17. No Sales Contracts:
Most affiliate programs will allow you to sign up and promote their products for free. However, this is not the case with all affiliate programs. You do not need to worry about sales contracts because most affiliate programs will allow you to begin promoting their products and giving you a commission for each customer sale without any additional contracts.
18. Level Playing Field for All:
One thing that really stands out is that affiliate marketing is something that is not restricted by any barriers of entry. No matter who you are or where you come from, you can become an affiliate marketer and in some scenarios, the first step begins right now. Without having to step foot into a university or make a doctorate degree, you can become an affiliate marketer and make your first dollar online. All you need is a computer and internet. There’s nothing else you need to become an affiliate marketer.
19. Flexibility & Freedom:
Everyone has their own reasons to want to be an affiliate marketer. For some, this is the freedom of working when they want, from wherever they want. Even if you don’t have a physical shop, you can still work as an affiliate marketer. You are literally in control of where you want to work, how much you want to work, and how to work. If you enjoy traveling, affiliate marketing can be a great opportunity to further explore and market products without binding yourself to an office.
20. Millions of Products to Earn Money From:
Amazon as a marketplace along has well over 1+ billion listed products. Then there’s so many other marketplace and platforms to sell your affiliate products with. Compare that to the products you have in your local supermarket or even in a grocery store. With so much to choose from, you can sell almost anything you want and make money from it. Affiliate marketing is the easiest way to start earning money online by promoting a single product or even multiple products. All it needs from your end is some basic research to come up with the best affiliate products and go from there.
21. You’ll Get Extra Money While Sleeping:
The money you will be making as an affiliate marketer will keep coming in on auto pilot. Your affiliate products will be sending you residual income while you’re sleeping. And it will be this way until you stop promoting those products. This is good news if you are starting out with affiliate marketing because you don’t have to worry or spend so much time figuring out how to promote your affiliate products. All you need to do is to come up with some great ways of marketing your products, which we will be discussing later in this post.
22. Instant Pay:
As an affiliate marketer, you can earn money while you’re sleeping or even when you’re on travel. The best thing about affiliate marketing is that once you have signed up and agreed to be an affiliate, you will get paid immediately and there won’t be any delay. You’ll get paid as long as you’re promoting the products and you are up for it. Thus, affiliate marketing offers more freedom and more checks in a month than your average job.
23. Multiple Revenue Streams:
Most of us get tired of our job that we are doing right now and look for ways to go to sleep at night thinking about the next day at office. When you are an affiliate marketer, you can earn money doing what you like and you don’t have to work for a company to get it. Affiliate marketing gives you multiple revenue stream because you’re promoting multiple products. Rather than limiting yourself to just one revenue stream as you do when you work for only one company, you can promote many products and get money from every sale.
24. There Is No Minimum Target:
When you are an affiliate marketer, you don’t have to worry about meeting a certain revenue target or the minimum amount of money you should make each month. The only target that you need to meet is to sell as much product through your affiliate marketing strategy as possible. Given the wide variety of affiliate products out there, it should not be hard for you to reach the target and earn success for yourself.
Internet with its vast ocean of information is very much the ultima manerum to make money online. The best part about it is that you can start with little money if you have a computer with internet access. All you need to do is sign up with a reputable affiliate marketing company, market the products and your pay cheque will be on its way.